GBP EUR Could Head Lower After Growth Revisions

Three Key Events in a Vital 72 hours for GBPEUR and GBPUSD Exchange Rates

The beginning of this week in the UK was very sombre with Her Majesty’s funeral and a UK Bank Holiday. This meant UK markets were shut, and ensured a fairly sleepy start to the week from a currency perspective, with sterling still nestling in the doldrums following the poor Retail Sales data from last week. The rest of this week looks far from calm however, with three key events that could trigger market movements for the pound, US dollar, Euro and many other currencies. The...

Will the Pound Remain Steady after Surprise Dip in Inflation ?

The pound has been relatively steady today following a surprise dip in the headline Inflation numbers. In welcome news across the country, the number came in at 9.9% higher year on year for August, versus the 10.2% numbers from last month for July. The important point is the number has been trending higher since the beginning of the year so this marks a turning point and could potentially signal a change in policy ahead. Inflation is very influential on interest rates, and interest rate...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
GBP USD Exchange Rate Edges Away From 21-Month Lows

Pound to euro rate forecast: How will the pound to euro rate react for...

The pound to euro rate has been volatile as investors react to the results of the all-important European elections which took place over the weekend. European elections, the impact on the pound to euro rate Investors are still digesting the news but essentially, all the predicted 'shifts' in electoral behaviour rang true. There was a noticeable shift in the make up of the European Parliament which has seen the euro fractionally weaken. Also, the rise of the Brexit party has seen sterling weaken too. Looking forward, the...

Fed hikes interest rate by 75 basis points with key BoE meeting looming

Yesterday evening the US federal reserve raised interest rates by 75 basis points. Raising the policy rate from 2.5% to 3.25%. This is the third 75 basis point hike in as many meetings by the Fed, highlighting again their intention to take a strong stance on inflation levels that have spiralled out of control. "The committee is strongly committed to returning inflation to its 2% objective," the Fed said in a statement. Markets now expect US interest rates to finish the year above 4%. For...
GBPEUR Bounces on the Day with Limited Data Due

Pound to Euro outlook: Could GBP/EUR exchange rates rise back above 1.10?

Pound to Euro exchange rate: Euro weakness sees the Pound make a short-term bounce back The pound to euro exchange rate has been nudging the 10-year low on the interbank, having broken through the 1.07 mark on Friday, testing 1.064. this is the lowest level seen since January 2009, breaching the 1.0730 lows of August 2017. The euro has been weaker since Friday last week, following the news that the Germany economy is not growing as fast as hoped, with the recent economic growth figures...

Best time to sell Euros to buy Pounds in almost 5 years (Tom Holian)

Sterling Euro exchange rates have once again felt the pressure caused by the uncertainty as to when Article 50 may be triggered. The Pound vs the Euro has dropped by as much as 12% since the vote to leave the European Union and this represents the best time to sell Euros in almost 5 years. Foreign Minister Boris Johnson has suggested that the UK could be getting ready to start the negotiations to leave the European Union and this has also caused Sterling to suffer against...
Pound to Dollar Rate Drops to One-month Low

Pound to Euro rate: Will Boris Johnson help the Pound vs the Euro?

Pound fights back vs the Euro The pound has finished the week positively against the euro after hitting close to its lowest level since the start of the year. This could be down to a number of different factors including a change in sentiment towards the pound after a big sell off earlier in the week. With the Tory leadership election due to be concluded early next week could Boris provide the pound with a boost? When we have had previous general elections, we have often seen...
GBP EUR Higher After European Central Bank Rates

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...
GBP EUR Slumps Despite UK Rates Lift-Off

Pound to Euro exchange rate prediction: Has the Pound hit the bottom against the...

Pound to Euro forecast: Will the Pound increase vs the Euro? The Pound has recently hit its lowest point against the euro in six months. Sterling has come under enormous pressure against a number of different currencies owing to the political landscape. We are only a few days before we will know the next leader of the country. The vote is due to conclude early next week so by Tuesday we should know if Boris Johnson or Jeremy Hunt has won. The expectation is for Boris...